2011 BUDGET NEWSFLASH

Friday, March 18, 2011
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A number of provisions were included in the Income Tax Act No. 58 of 1962 (the Act) and the exchange control regulations were amended in order to facilitate the introduction of regional headquarter companies. The Minister of Finance (the Minister) highlighted the fact that South Africa offers world-class financial services, strong and clear financial regulatory architecture and word class infrastructure which is the perfect platform to use as the gateway to invest into the rest of Africa.

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